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550 BNB lost in contract exploit by decentralized exchange Re | Decentralized Exchange News

550 BNB lost in contract exploit by decentralized exchange

Recently
, the decentralized exchange (DEX) system known as CoW Swap came under assault, resulting in the loss of at least 550 BNB (BNB) due to a contract hack that permitted money transfers away from the platform. The occurrence was spotted by the blockchain surveyor MevRefund, which also noticed that the cash seemed to be migrating away from the CoW Swap exchange. In a Twitter thread, the maximum extractable value (MEV) searcher sent a warning to the DEX and the users of the exchange about the vulnerability. A wallet address was reportedly added as a "solver" of CoW Swap by using a multisig, as stated by the company BlockSec, which audits smart contracts.

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